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Second Quarter's Top Managers
Made Sure to Avoid Tech Stocks

By

Alfred Kueppers Staff Reporter of The Wall Street Journal

Updated July 17, 2001 12:01 a.m. ET

This article profiles the top-performing fund managers in four key fund categories, as measured over the past 12 months by Standard & Poor's Micropal Ltd.: Richard Smouha, international bonds; Kurt Tofte Jensen, European bonds; William Gray, international equities Robert Friedman, European equities.

This was a quarter of surprises. The European bond fund outperformed the top European equity fund by almost 2%. And two funds, the Orbis Optimal Euro international equity fund and the GAM interest trend international bond...